Geely and Volvo to launch powertrain venture after merger scrapped

Geely Automobile and Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations and expand cooperation on electric vehicles.

“China's Geely Automobile and its Swedish sister company Volvo Cars will abandon merger plans but launch a new entity to combine their powertrain operations.”reuters.com

• 1 source
• reuters.comGeely and Volvo to launch powertrain venture after merger scrappedYilei SunFeb 24, 2021

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